MODULE Wallet: Close to Magic?

The MODULE team

Published in

MODULE

4 min readFeb 17, 2019

In this article we will explain how to make the MODULE wallet work for you

Since the end of 2017, we have been witnessing digital wallets turning into one of the fast growing and competitive products on the IT market. More and more people are installing wallets on their mobile devices for storing their digital assets, checking their balance, and sending and receiving coins.

The number and variety of mobile wallets is growing, so is the number of mobile users. In 2019, the number of mobile users is expected to pass the 5 billion mark¹. That means that these 5 billion users are all potential users of digital wallets!

You would probably agree that nothing can be easier than downloading a wallet, creating a password and start using it right away. Installing a wallet is easy. But can we say the same thing about getting coins on the wallet?

The answer is probably no. To get a coin on a wallet, one will need either to buy it on an exchange, receive it from another person, or search the Internet for Airdrops and campaigns, apply for them and hope for the best…

Here Comes MODULE

On the MODULE platform you can keep obtaining coins for your newly set up wallet without even noticing it. Sounds like magic? Unfortunately, it is a mere technology.

In a blockchain, coins are rewards. Rewards are allocated to the nodes participating in the blockchain. And here comes “the wow effect”: at Module, any mobile device, which has storage, can become a node.

You do not need any expensive hardware to mine. As soon as you become a participant of the MODULE blockchain (namely, a “provider” of your own storage) you will start obtaining MODL coins as a reward. Thus, the MODULE wallet will turn your mobile into a smart and more interactive device.

MODULE Wallet: Functions

Firstly, the MODULE Wallet stores MODL coins, which one can use to make purchases at any time. For example, if you need some storage to store your file (in this case, you will become a “requester” of the storage), you will need to give a reward to your provider in MODL coins.

Secondly, the MODULE wallet is an instrument that allows users to receive and send MODL coins. Information for those who have tokens: MODL tokens will be exchanged for coins as soon as the main net is officially released. The exchange ratio will be 1:1!

Finally, and most importantly, if you make certain settings to become a provider, you will regularly obtain small portions of rewards, that will go to your wallet. There are several types of rewards on the MODULE blockchain, which will be explained in our further articles.

How to Get MODULE Wallet

The Wallet function is built in the MODULE application. You will be able to create one as soon as you install the app.

Right now the application is being tested by the developers and trusted partners. However, if you follow us on social networks and stay tuned for the newest information, you will definitely become a MODULER earlier than others will.

Conclusion

Consumers are getting more and more relied on the smart devices. Therefore, mobile wallets have now become a need of era. MODULE is developing a platform for you to provide the underused storage of your mobile device in order to use it in the most efficient way possible — and collect rewards for that in your wallet.

The amount of MODL coins in your wallet can keep increasing without any effort from your side. The only condition is turn on the “provider” settings in the installed MODULE app.

Let us summarize the features of the MODULE wallet below:

24-hour accessibility. Using a mobile wallet for occasional transactions is really simple to begin with;
Simple to load coins. You can add coins to your wallet using traditional ways or wait until you get your first rewards as a provider;
Easy transfer of funds. The MODULE wallet will make sending and receiving your MODL coins quick and secure.

Although at the moment only a limited number of developers trusted partners can download the application and test it, we are steadily preparing for releasing it for the public. We will keep you updated about the progress on our social networks where you will find official announcements.